Note 4 - Inventories

9 Months Ended

Apr. 30, 2022

Notes to Financial Statements

Inventory Disclosure [Text Block]

NOTE 4:            INVENTORIES

During the nine months ended April 30, 2022, we received 1,100,000 pounds and sold 500,000 pounds of uranium concentrate inventories. As at April 30, 2022, costs of inventories consisted of the following:

	April 30, 2022		July 31, 2021
Material and supplies	$	232,195	$	33,781
Uranium concentrates from production		177,881		177,881
Purchased uranium inventories		57,001,258		28,960,818
	$	57,411,334	$	29,172,480

During the nine months ended April 30, 2022, we entered into agreements to purchase additional 1,800,000 pounds of uranium concentrate inventories under our physical uranium program (the “Physical Uranium Program”).

As of April 30, 2022, our uranium inventory purchase commitments for the next five fiscal years are as the follows:

	Purchase Commitments in Pounds		Total Purchase Price
Fiscal 2022		200,000	$	9,080,000
Fiscal 2023		1,605,000		59,509,000
Fiscal 2024		895,000		38,913,250
Fiscal 2025		600,000		23,120,000
Fiscal 2026		100,000		3,620,000
Total		3,400,000	$	134,242,250

Subsequent to April 30, 2022, we received 200,000 pounds of uranium inventories for a total purchase price of $9,080,000.